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but at least graham is voting to raise taxes on the wealthy. right? wrong. >> raises tax rates will hurt job creation so i agree with grover we should not raise rates. i will violate for the good of the country only if democrats will do entitlement reform. >> so he won't raise tax rates and entitlements need to be gutted. but that's more like it. let's see some more brave talk from the gop. >> i'm not obligated on the pledge. there's a menu of options on the revenue side and on the entitlement side and as long as there are two parties that are willing to solve this problem, this is a very easy thing to do technically. what it takes is political courage. >> guess what? that political courage doesn't include ding, ding, ding, higher tack rates for the top 2%. but don't pay any attention to that. republicans want us to know that what's really important is that they are rejecting the norquist pledge. >> the lot that has been said about this pledge and i will tell you, when i go to the constituents that re-elected me, it is not about that pledge. it really
but at least graham is voting to raise taxes on the wealthy. right? wrong. >> raises tax rates will hurt job creation so i agree with grover we should not raise rates. i will violate for the good of the country only if democrats will do entitlement reform. >> so he won't raise tax rates and entitlements need to be gutted. but that's more like it. let's see some more brave talk from the gop. >> i'm not obligated on the pledge. there's a menu of options on the revenue side and...
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equity. >> it was an issue of tax equity. it was very important to his base that he get the rates up. he's got to go to virginia where eric cantor has to face re-election in two years. >> he's wobbling. >> and you've got to keep the pressure on. because the cross-pressure on people like cantor and boehner. he's going to have to keep the pressure on them. >> there's a bunch of them out there, have a little rally. >> florida. he should be going to florida, ohio. these are states where republicans said they were going to win and they lost and the president has a strong argument to make right now which is, just fresh off his victory, this is what he didn't have in his first term. the fiscal cliff allows him to make an argument -- >> ladies, 47% of the country voted for country. only 1% gets the benefit of all of these tax cuts. >> i know. >> that's 46% that can steal from the other side. >> thank you. happy holidays. you're coming around this time of year. it's a nice time of year. >>> when we return, the republican assumption th
equity. >> it was an issue of tax equity. it was very important to his base that he get the rates up. he's got to go to virginia where eric cantor has to face re-election in two years. >> he's wobbling. >> and you've got to keep the pressure on. because the cross-pressure on people like cantor and boehner. he's going to have to keep the pressure on them. >> there's a bunch of them out there, have a little rally. >> florida. he should be going to florida, ohio....
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but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this republican line of crap. republicans lost this election. this was mitt romney's deal. and president obama said we have to have an balanced deal we're going to cut spending to the bone, but you have also got to get rid of those bush tax cuts for the wealthiest of americans, and put it back where it was under president clinton, the greatest economic growth in our lifetime. americans went with president obama's idea. it's now time for republicans to accept this is what the americans want. but instead this is more republican propaganda,
but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this...
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with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, thank you very much. it's good to see you. >> thank you. >> black friday weekend, breaking records all over the place. will cybermonday do the same? after getting a bad beating in the election, the grand old party may be trying to reinvent itself. the new face of the gop and we have answers next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at options. then i got a medicare supplement insurance plan. [ male aouncer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up
with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, thank you very much. it's good to see you. >> thank you. >> black friday weekend, breaking records all over the place. will cybermonday do the same? after getting a bad beating in the election, the grand old party may be trying to reinvent itself. the new face of the gop and we have answers...
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and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. voters have said repeatedly this is an issue they want addressed moving forward. from an economic standpoint and for the future of the country. >> you think the president will do something dramatic? >> he has a plan to move forward. >> is the new democratic movement dead or no longer relevant? >> i think that our party has always been the big party and we have different views and that is healthy. that is exactly why i believe i am a democrat. i believe our vision of the country has a lot of people working across party lines and there are folks in our party who all want to do one thing. that is work to move the country forward. w
and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. voters have said repeatedly this is an issue they want addressed moving forward. from an economic...
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revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on them sometimes. >> she could conceivably get your vote. >> the emphasis has been extremely political probably because fox was operating as a wing of the political party. >> tom ricks, thank you for joining us. >> as far as young women are concerned, i can state my position on abortion. other than that leave the issue alone. >> 20 hail marys, 20 our fathers. ja let's get to our fanl. ana marie cox is a correspondent for "the guardian," and msnbc political analyst karen finney. karen, we just heard senator john mccain a moment ago in "top lines" saying, okay, from
revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on...
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if lawmakers fail to act by january 1st, the american people will face roughly $600 billion in tax increases and spending cuts. >>> because he watches "morning joe" every weekday morning -- >> i don't think that's true. maybe. >> -- monday through friday, senator john mccain is taking our advice and softening his attacks on susan rice. after vowing to block her potential nomination as secretary of state. now, republicans are claiming the ambassador deliberately misled the country in the aftermath of the september 11th attacks on the u.s. consulate in benghazi. but rice says she's not to blame, arguing that she relied on talking points from the intelligence community. now, although senator mccain had threatened a senate filibuster earlier this month, he says he's now open to meeting directly with ms. rice. >> is there anything that ambassador rice can do to change your mind about it? >> sure. she can give everyone the benefit of explaining their position and the actions that they took, and i'll be glad to have the opportunity to discuss these issues with her. >> she could conceivably get your
if lawmakers fail to act by january 1st, the american people will face roughly $600 billion in tax increases and spending cuts. >>> because he watches "morning joe" every weekday morning -- >> i don't think that's true. maybe. >> -- monday through friday, senator john mccain is taking our advice and softening his attacks on susan rice. after vowing to block her potential nomination as secretary of state. now, republicans are claiming the ambassador deliberately...
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exactly. >> it's not raising taxes. it is not raising the rate of taxes. it the is just cutting the -- the deduction for capping emissions on your jet. >> stephanie: i think the good news is the president has cut through that [ bleep ] he said if you come to me and say can we kind of do this and close the loophole and something that's not exactly a tax increase. he said no. we're wise to what you're talking about. >> that's the softening of rhetoric you're seeing on the right is in response to a president that now really has nothing to lose. so why not -- so why not at least try to sound reasonable, back off the radical positions. >> stephanie: yep. rudeness, are you delightful. as a post-holiday leftover or fresh. >> thank you. i'll be the stuffing in your turkey sandwich any time. >> stephanie: okay. all right then. all right. >> i'm glad nobody -- >> stephanie: i just made extra gravy. >> stephanie you won't ease miller! [ buzzer ] >> see what you made -- did to me rudeness? >> wow. >> stephanie: what's that about? >> you said it! >> stephanie: i don't
exactly. >> it's not raising taxes. it is not raising the rate of taxes. it the is just cutting the -- the deduction for capping emissions on your jet. >> stephanie: i think the good news is the president has cut through that [ bleep ] he said if you come to me and say can we kind of do this and close the loophole and something that's not exactly a tax increase. he said no. we're wise to what you're talking about. >> that's the softening of rhetoric you're seeing on the right...
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its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are paying. i don't believe it -- it is , woodymr. norquist said, it is a pledge to the people. some of those senators wanting to raise -- wanting not to raise taxes, that pledge, they knew what would happen to them, they would get run out of state. first i want to see president obama's cards on the table. host: jerry is up next in st. charles, missouri. good morning. caller: one of the things i would like to talk about is the waste in government. i see it continuously in ads on. on a completely off as far as a meter for yo
its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are...
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minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government spending could impact public safety. >> i think you should be worried if you have a defense job and we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported, it's all affected by sequestration. >> joining me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term t
minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government...
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should taxes go up. the discussion is how do you do it? >> exactly. and, listen, i think that to the extent we are just talking right now, i don't think that talking hurts. but should this become -- should this come in play, little there will be a lot of people on the left who will not be very happy. i think in some ways it is apples and oranges. i think what you're hearing is we will do this, however, you need to do the separate thing over there. i don't think social security has anything to do with it. >> let's talk raw numbers here. at the end of the day you have to find 218 house members. and in the past john boehner has said and, oh, by the way, his election is after the fiscal cliff. that happens a couple days after the fiscal cliff. so all of this maneuvering is complicated. to get to 218 he has said he wants a majority of the majority, which is approximately 120 republicans, so then you have to find some nearly 100 democrats to do this as well, and if that has social security and medicare in it,
should taxes go up. the discussion is how do you do it? >> exactly. and, listen, i think that to the extent we are just talking right now, i don't think that talking hurts. but should this become -- should this come in play, little there will be a lot of people on the left who will not be very happy. i think in some ways it is apples and oranges. i think what you're hearing is we will do this, however, you need to do the separate thing over there. i don't think social security has...
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one thing is all the taxes eventually get paid. you don't get away with not paying taxes just because you put money into an ira. you have to pay when you pull it out of retirement. the second thing is there is no doubt today people can lower their tax bill, it will be definitely lower the savings rate if we were to do that. and finally, $100 billion is what we could raise. that is a drop in the bucket. a trillion plus dollars deficit. we need way more than these kind of things to fix this. we need to cut spending. that is what we need to do. this is the only way we will balance the budget. melissa: you make a point not everyone has made, just the impact of the stock market of what is going on. raising taxes on investment doesn't even hurt as much as just how much government spending is going on. >> i will try. this is the heart of economics. call it the cloud or the smart phone or the tablet, those technologies to throw out productivity efficiency. and the games society makes from these technologies, we get reinvested, sort of the
one thing is all the taxes eventually get paid. you don't get away with not paying taxes just because you put money into an ira. you have to pay when you pull it out of retirement. the second thing is there is no doubt today people can lower their tax bill, it will be definitely lower the savings rate if we were to do that. and finally, $100 billion is what we could raise. that is a drop in the bucket. a trillion plus dollars deficit. we need way more than these kind of things to fix this. we...
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scientifically unjustified and ministering thirty seven's complex regulations would waste millions of tax dollars of all throwing on a lab coat and a stethoscope does not mean this lady is a doctor or that she gives a crap about your health and to say that a label even would be scientifically unjustified is calling the forty other countries that require labels or a straight up ban g m o's stupid look the cost for california residents is in consequential if you actually look at the text of the ballot measure but i guess a forty one million dollar disinfo campaign can convince people of just about anything so the question you should really be asking yourself is why have these biotech corporations spent so much more money keeping people in the dark than it would just cost them to label the foods. speaking of being behind the rest of the industrialized world the next proposition i want to talk to about is prop thirty four it would end the barbaric practice of capital punishment and california it's titled the death penalty initiative statute the measure passes prop thirty four were to limit it
scientifically unjustified and ministering thirty seven's complex regulations would waste millions of tax dollars of all throwing on a lab coat and a stethoscope does not mean this lady is a doctor or that she gives a crap about your health and to say that a label even would be scientifically unjustified is calling the forty other countries that require labels or a straight up ban g m o's stupid look the cost for california residents is in consequential if you actually look at the text of the...
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gains tax rate. you know what all of it is? all of it is about can they govern? can they govern? can we be governed? can the people in washington, d.c., in the house and the senate and the president, can they govern? >> they have to. >> well, they have to. they absolutely have to. >> just to make a point for those who thought that the health care reform law was historic, many people -- i actually assume that most of the five people at this table think that it's a shocking thing that america is the most powerful country on earth before the health care law was passed, had a massive number of many, many millions of uninsured people in the country when every other industrialized country has universal coverage. >> right. we do all agree with that, right? >> one of the more historic things, it's going to move millions of uninsured people into the ranks of the civilized world. >> and as the president promised, also not only is he going to put 30 million people on the rolls for health care, it's also going t
gains tax rate. you know what all of it is? all of it is about can they govern? can they govern? can we be governed? can the people in washington, d.c., in the house and the senate and the president, can they govern? >> they have to. >> well, they have to. they absolutely have to. >> just to make a point for those who thought that the health care reform law was historic, many people -- i actually assume that most of the five people at this table think that it's a shocking...
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taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china, russia, and iran are actively lobbying for new global rules that can allow them to, for example eavesdrop at will or sensor content. rick gold stein is the director of the project. it's no surprise china and iran and russia would love to control the internet. about it's a surprise they are going to have some conference with the u.n. in dubai next week. we are attending and this is going to be the topic? >> looking at the history of the united nations and how it triumphed on free speech. i'm not surprised. we h
taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china,...
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are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president. >> i do. >> you know the way he thinks and frankly many of his cabinet members and those quhis pwhispe his ear thing. he'll barnstorm the country and talk about the 39.6%, talking about marginal rates. where is the room to the extent you believe there's room, to compromise, with a house that doesn't want to talk about marginal rates at all? where is the white house able to compromise? >> i've been doing deals for many years, greg has, there's always compromise. could you put the buffett rule in to raise a bit of money over here? the beauty of this situation, it's difficult, but the beauty of it is, it's not
are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president....
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or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very much. the white house wants all the people who voted for barak obama to flood congressmen with e-mail and also with video messages via youtube saying why we should raise taxes on the rich. >> gretchen: so it's mainly for conservative democrats and to sway some republicans in those districts. we asked what you thought about this. will it change members of congress' mind? here is marge, cut all loopholes, subsidies and reduce spending equally but do not raise taxes. >> steve: here is a tweet from heather. it would say do your job, pass a balanced budget like required by law. no more closed door secret tax meetings. >> brian: more e-mails and tweets coming
or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very much. the white house wants all the people who voted for barak obama to flood congressmen with e-mail and also with video...
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it simply is a tax. people can say it's not a tax. it's a tax. they have defined it as a tax. we don't have the ability to redefine the meaning of words around here. and it's a tax and a tax can't originate in the senate. so the house as it's presently written, is likely to object and will object to this, i'm certain. another easily fixed problem in the bill is this: the environment and public works committee brought the legislation up. the question of whether the duck stamp tax should be set by law by congress or given to the member of the present staff to set at whatever level he wants was discussed. and senator boxer agreed with those who shared the view that we shouldn't be delegating the power to an unelected cabinet person to set taxes in the united states of america. you can set duck stamp under this bill at any level he wants to set it at. that's not good. this is constitutional. i really feel strongly about it. congress must never cede its power to tax to a single person not even accountable or any other entity; u.n. or any other entity. the constitution gives congres
it simply is a tax. people can say it's not a tax. it's a tax. they have defined it as a tax. we don't have the ability to redefine the meaning of words around here. and it's a tax and a tax can't originate in the senate. so the house as it's presently written, is likely to object and will object to this, i'm certain. another easily fixed problem in the bill is this: the environment and public works committee brought the legislation up. the question of whether the duck stamp tax should be set...